Investigators say the suspect was driving a light-colored Toyota Sienna when he pulled over an 82-year-old man in May.
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According to police, he told the driver he violated a traffic rule, but that $700 would settle the matter.
The suspect and the victim drove in the suspect's vehicle to a Chase Bank, where the victim made a withdrawal, police say.
The victim provided $700 to the unidentified male, who then drove the victim back to his car.
Both men then departed the scene separately in their respective vehicles.
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The suspect in his 40s, short and heavyset. He has a tattoo on his ankle and a rash on his leg and abdomen.
The unidentified male's vehicle is a light-color Toyota Sienna with distinctive bodywork in the form of a black front passenger side corner panel.
Anyone with information in regards to this incident is asked to call the NYPD's Crime Stoppers Hotline at 1-800-577-TIPS (8477) or for Spanish, 1-888-57-PISTA (74782).